Shares of Forestar Group Inc. (NYSE:FOR) saw strong trading volume on Monday . 334,909 shares traded hands during mid-day trading, an increase of 11% from the previous session’s volume of 303,085 shares.The stock last traded at $12.34 and had previously closed at $12.08.

Separately, Zacks Investment Research downgraded shares of Forestar Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 3rd.

The company’s market capitalization is $413.67 million. The firm has a 50-day moving average price of $12.04 and a 200 day moving average price of $11.79.

Forestar Group (NYSE:FOR) last released its quarterly earnings results on Friday, July 29th. The oil and gas exploration company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. The business had revenue of $46.40 million for the quarter, compared to the consensus estimate of $44.80 million. During the same period in the prior year, the business posted $0.06 earnings per share. Forestar Group’s revenue was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Forestar Group Inc. will post $0.56 EPS for the current year.

A hedge fund recently raised its stake in Forestar Group stock. Royce & Associates LLC raised its position in Forestar Group Inc. (NYSE:FOR) by 12.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,000 shares of the oil and gas exploration company’s stock after buying an additional 20,000 shares during the period. Royce & Associates LLC owned 0.51% of Forestar Group worth $1,915,000 at the end of the most recent reporting period.

Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties.

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